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Vancouver, BC / TheNewswire / June 30, 2016 - INVICTUS MD STRATEGIES CORP. ("Invictus MD" or the "Company") (CSE: IMH; OTC: IVITF; FRA: 8IS) is pleased to announce the closing of its non-brokered private placement of units of the Company (the "Units") at a price of $0.15 per Unit (the "Offering") pursuant to which the Company has issued 5,205,375 Units for aggregate gross proceeds of $780,806.25. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.50 for a period of 24 months from the date of issuance.
Certain directors and officers of the Company participated in the Offering by purchasing an aggregate of 882,700 Units. Accordingly, the Offering constituted to that extent a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons exceeded 25% of the Company's market capitalization.
About Invictus MD Strategies Corp.
Invictus MD targets companies with proven brands, strong customer focus, and significant growth potential. We not only provide capital to meet these objectives but also years of management experience from a team that has been successful in all facets of business from start-ups to running large international organizations. The fundamental core of our operations is centered on the vast opportunities within fragmented industries.
Invictus MD works in partnership with management teams to increase shareholder value through business planning and process integration, developing and executing growth strategies, leveraging our experience and relationships, and structuring and deploying the proper capital to support long-term growth. Our prudent approach to both investing in and developing successful companies ensures successful execution of the business plan in both times of economic expansion and contraction.
For more information please visit www.invictus-md.com.
On Behalf of the Board,
Chairman & CEO
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